MSRB Requests Comments on Enhancing Municipal Securities Trade Data on EMMA Web Site (MSRB Reg. Notice 2014-14)
The MSRB issued a request for comments from municipal market stakeholders on a proposal to enhance the public availability of municipal securities trade data on the MSRB's Electronic Municipal Market Access ("EMMA") Web site.
Among the proposed new data elements are the following: (i) information about trades in new issues that result from conditional allocations by dealers, (ii) information regarding sale transactions by dealers that have long-term marketing agreements with underwriters, and (iii) information about transactions executed through alternative trading systems. Additionally, the proposed changes include a new indicator for customer trades involving non-transaction-based compensation arrangements.
Comments are due by September 26, 2014.